Tips For Finding The Right Investment Apartment

Are you considering investing in property? Buying an apartment can be a manageable option, perfect for first-time investors. The right apartment and good financial planning in Australia can secure incoming cash flow for years to come. Here’s our guide to investing in an apartment that will deliver high returns.

Apartment
Apartment

Why Invest In An Apartment Over A House?

Affordability

Compared to a traditional house, apartments are – generally speaking – much more affordable. Being smaller than a house and having no land, you can buy an apartment in a sought-after neighbourhood for a fraction of the price of a house in that same area. You will also potentially save on council rates and land taxes.

Less Maintenance

Renting out an entire house on land requires plenty of maintenance. From garden care to upkeeping the exteriors, you as the owner will shoulder all the maintenance costs. While you will likely need to pay a body corporate fee when you buy an apartment, this usually takes care of most of the routine maintenance for you and can be a more affordable arrangement over time. 

High Demand

The lack of new apartments being constructed can’t keep up with the rental demand. This is great news for investment apartment owners. As long as you buy an apartment in the right location, you shouldn’t have any issues with finding tenants. 

How To Find The Right Apartment

Choose The Right Location In Australia

The success of your investment apartment will largely depend on where it’s located. Generally speaking, you want to find a place that is close to a major community hub and has great public transport options. Apartments in or close to the city are usually in high demand. 

Other great location options can be near universities, hospitals, and other facilities where attendees require temporary accommodation, ideally for up to four years. Take note of the level of security in the area as well to avoid vandalism.

Keep An Eye On The Market

Our team of award winning brokers in Australia have access to high-quality market data that could inform you about the best time and place to buy. If you’re considering an investment apartment, reach out to us to discover what the market is doing and what that could mean for your investment plans.

Ask our Team of Award Winning Brokers In Australia

If you’re considering purchasing an investment apartment, give yourself the benefit of years of expertise and experience. Speak to our 1st Street Brokers today to discuss your needs.

Are you a first homebuyer looking for

Help?

We can help get you into your new home.

We’ve worked with clients across Australia to access the different first home owner grants (FHOG) as well as the various stamp duty and other concessions that may be available depending on which state you are in. We can talk you through your various options as well as helping you compare things like buying vacant land vs. an established home.

Enquire today!

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